Q: I'm a little confused as to the recent stock deal of this company!!I finally recieved my stocks of the spin out company Lunr Royalties which appear to be worthless since you can't sell them and no value is given to them.Can you explain.
5i Research Answer:
LUNR is not necessarily worthless but it is a private company thus there is no liquidity. NGEX shares were exchanged for one new NGEX share and 1/4 share of LunR. NEGX now owns 20% of LunR. We do expect LunR to be listed at some point, but there is no timeline on this. NGEX shares have done well, and continue to be interesting for long term investors.